Short Interest in Companhia Paranaense de Energia – COPEL (NYSE:ELP) Declines By 8.4%

Companhia Paranaense de Energia – COPEL (NYSE:ELP) saw a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 340,100 shares, a decrease of 8.4% from the October 15th total of 371,100 shares. Based on an average daily trading volume, of 262,800 shares, the short-interest ratio is presently 1.3 days. Currently, 0.4% of the company’s stock are sold short.

Companhia Paranaense de Energia – COPEL Stock Performance

NYSE:ELP traded up $0.05 on Monday, hitting $6.60. The company’s stock had a trading volume of 194,828 shares, compared to its average volume of 299,955. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.45 and a quick ratio of 1.43. Companhia Paranaense de Energia – COPEL has a one year low of $6.36 and a one year high of $8.91. The stock has a fifty day moving average of $7.11 and a two-hundred day moving average of $7.21.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last released its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.07 earnings per share for the quarter. The company had revenue of $1.03 billion for the quarter. Companhia Paranaense de Energia – COPEL had a return on equity of 11.88% and a net margin of 14.20%. Research analysts expect that Companhia Paranaense de Energia – COPEL will post 0.13 earnings per share for the current fiscal year.

Companhia Paranaense de Energia – COPEL Cuts Dividend

The business also recently declared a Variable dividend, which will be paid on Monday, December 9th. Shareholders of record on Wednesday, October 2nd will be paid a dividend of $0.0705 per share. The ex-dividend date of this dividend is Wednesday, October 2nd.

Institutional Investors Weigh In On Companhia Paranaense de Energia – COPEL

Hedge funds have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Companhia Paranaense de Energia – COPEL during the 3rd quarter valued at $34,000. GAMMA Investing LLC grew its holdings in shares of Companhia Paranaense de Energia – COPEL by 61.2% during the third quarter. GAMMA Investing LLC now owns 5,380 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 2,043 shares in the last quarter. Signaturefd LLC increased its position in shares of Companhia Paranaense de Energia – COPEL by 41.1% in the second quarter. Signaturefd LLC now owns 11,478 shares of the utilities provider’s stock worth $77,000 after purchasing an additional 3,341 shares during the last quarter. Blue Trust Inc. increased its position in shares of Companhia Paranaense de Energia – COPEL by 205.3% during the 2nd quarter. Blue Trust Inc. now owns 17,729 shares of the utilities provider’s stock valued at $119,000 after purchasing an additional 11,922 shares during the last quarter. Finally, Ballentine Partners LLC raised its stake in shares of Companhia Paranaense de Energia – COPEL by 16.6% during the third quarter. Ballentine Partners LLC now owns 17,128 shares of the utilities provider’s stock worth $127,000 after acquiring an additional 2,441 shares in the last quarter. Institutional investors own 3.80% of the company’s stock.

Companhia Paranaense de Energia – COPEL Company Profile

Companhia Paranaense de Energia – COPEL engages in the generation, transformation, distribution, and sale of electricity to industrial, residential, commercial, rural, and other customers in Brazil. The company operates through Power Generation and Transmission, Power Distribution, Power Sale, and Gas segments.